Fixstars Corporation announces an Equity Buyback for 400,000 shares, representing 1.21% for ¥300 million.
April 01, 2020 at 03:00 am EDT
Fixstars Corporation (TSE:3687) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 1.21% of its share capital, for ¥300 million. The company will repurchase its shares in order to enable further return of profits to shareholders, and implement a flexible capital policy in response to changes in the business environment. The program will run until September 30, 2020. As of March 31, 2020, the company had 33,049,341 shares outstanding (excluding treasury shares) and 560,659 shares in treasury.